prnewswire | October 20, 2020
Brennan Investment Group, a private real estate investment firm that acquires, develops, and operates industrial facilities throughout the United States, announced its acquisition of six surplus industrial buildings totaling 308,908 square feet in Plant City, Florida, in the Tampa MSA. The seller, Paradise Inc., is a producer and distributor of Candied Fruit brands throughout the country. The properties are a mile off the I-4 Corridor, running between Tampa and Orlando. The Tampa market has demonstrated strong fundamentals, with positive net absorption of over 1 million square feet year-to-date and a vacancy rate of 94.6%.
REAL ESTATE TECHNOLOGY
KKR | March 24, 2022
KKR, a premier global investment firm, announced on March 23rd that it has expanded its self-storage real estate portfolio.The acquisition was made through KKR Real EstateParntersAmericas III. The acquisition was made through KKR Real Estate Parnters Americas III.
Denver and Nashville are important destinations for our self-storage investing strategy, and we are excited to grow our footprint in both markets with the purchase of three modern, well-located properties. We are continuing our focus on acquiring high-quality assets in growth markets and working with our team of experienced operators to deliver a best-in-class user experience for self-storage customers.”
Ben Brudney, a Director in the real estate group at KKR
The two properties in Denver were complete in 2017 and 2018 while the property in Nashville was completed in 2018. With the purchase, KKR has added a total of 2,000 units to its self-storage portfolio. The firm has expanded its footprint in two of the country’s fastest growing metropolitan regions.
The announcement follows KKR’s launch of Alpha Storage Properties (ASP) in December 2021. ASP will acquire and manage the organization’s portfolio of self-storage properties in high-growth markets across the country.
HOME AND DESIGN
Breakthrough Properties | March 10, 2022
On March 9th, leading global property developer, Breakthrough Properties, launched StudioLabs by Breakthrough. The new solution is an end-to-end lab and office solution that specializes in hyper growth life sciences in company. Breakthrough Properties is also a joint venture by Tishman Speyer and Bellco Capital. It operates Class A life sciences real estate.
We have conceived, designed, and programmed StudioLabs as a best-in-class life sciences environment where promising companies are able to conduct science on day one. More than providing the highestquality labs and infrastructure, we provide companies with a dedicated on-site team with decades of experience creating and operating labs. Our mission is to handle the most operationally intensive aspects of the lab environment so that companies in our StudioLabs ecosystem have the freedom tofocus solely on growthand discovery."
Susie Harborth,Business Operations ofBreakthrough Properties EVP
Over 28,000 square feet of the inaugural StudioLabs location have already been leased out and will be open this summer. StudioLabs offers fully furnished office suites and private labs ranging from 4,000 to 15,000 square feet of rentable property. It has huddle rooms, wet lab spaces, lab utilities with starter lab equipment packages, and lab support rooms.
StaudioLabs is the latest addition to the global network of flexible workspaces operated by Tishman Speyer brands like Studio, Studio Private, and Studio Gather.
Tishman Speyer Senior Managing DirectorDavid Augarten, also said, "Tishman Speyerlaunched Studio in 2018 to serve as an unparalleled community for visionaries and business pioneers.We are thrilled to partner with Breakthrough in adapting and extending our network to support a new generation of innovators in the life sciences community."